#NIFTY and #BANKNIFTY strategy for 9-Jun-2016

#. Nifty closed on a slight bull note at 8,273.05    UP +6.60 (0.08%)   made high 8,288.90 of and low of 8,252.05.So today for intraday on upside resistance are at 8298 and 8333 level .On downside be alert below 8231 and avoid all intraday longs below 8212 level .

#. In the derivative market, FII’s sold -203.59 crores of Index futures and bought 1500.68 crores worth of Index options. In the Stock futures segment, FII’s bought 61.9001 crores worth of stock futures and sold -65.3499 crores of stock options.

#. As fund flow FII’s and proprietary’s both having mixed view in Nifty future so caution as market will be more volatile.There is no weakness in global markets and all the major indices are holding bull run.

Intraday NIFTY view:
Trend: Bull
We are Bullish on NIFTY but suggest you please book profit every level.. Follow our (NIFTY POSITIONAL CALLS)

NIFTY SPOT INTRADAY LEVEL

R4 8318 BULL
R3 8302 UP BREAKOUT
R2 8295 UP CAUTION
R1 8291 SELL
PIVOT 8271
S1 8255 BUY
S2 8251 DOWN CAUTION
S3 8245 DOWN BREAK OUT
S4 8228 BEAR

SGX Nifty
8,309.00     UP +25.00  (   +0.30%)

FII Activity on nifty future:
Index Futures: -203.59 Crores

FII Activity June 2016 Series – Summary Derivative
Index Futures: +3760.41 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8290 8278 8297 8315 8334
Sell 8269 8286 8269 8249 8232

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 17911 17875 17965 18041 18132
Sell 17857 17893 17816 17726 17650

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